Global Silica Aerogel Market Size, Share, Development Growth & Forecast

Press Release

Due to silica aerogel’s various beneficial properties such as superior thermal insulation, lightness, and environment-friendly nature, its application is increasing, thereby leading to the growth of the silica aerogel market. In 2015, the market generated revenue of $273.0 million, and it is predicted to progress at a CAGR of 31.1% during the forecast period (2016–2022). Silica aerogel is a lightweight solid material produced by means of sol-gel chemistry. It is obtained from a gel, in which the liquid substance is replaced by gas.

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Based on form, the silica aerogel market is broadly categorized into blanket, panel, and monolith. Out of these, during the historical period (2012–2015), the blanket category dominated the market in terms of sales volume and revenue, and it is predicted to maintain its dominance during the forecast period. Silica aerogel blanket products, sold in multiple thicknesses, can be consumed as thermal insulation in industrial, apparel, and building applications. These are widely adopted for applications where thin product is required, as these that can be easily cut, rolled, and shaped at construction areas.

The challenges faced by oil & gas companies in the form of cold Arctic environment, oil sands, and ultra-deep waters are continuously rising. Silica aerogel supplies are available in a wide range of forms to meet the increasing needs of the oil and gas industry. Furthermore, the construction, aerospace & defense, and transportation sectors are also widely adopting silica aerogel, thereby fueling the growth of the silica aerogel market. For instance, in the transport sector, insulation assists in lowering the noise and heat in personal and commercial vehicles, such as buses, trucks, and mass transit cars.

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Aerogels are the lightest solid materials across the world, consisting of 95.0% to 99.0% air by volume. When the liquid, initially present, is changed, a puffed-up sand with up to 99.0% porosity remains, which results in an extremely low-density solid. Silica aerogel is adopted to improve the thermal performance of energy-saving substances and sustainable products for buildings, consumer products, and on and off-shore industrial infrastructure and act as a high-performance additive for personal care products and coatings.

GLOBAL SILICA AEROGEL MARKET SEGMENTATION

  • By Form – Blanket, Panel, Monolith and Others
  • By Application – Oil and Gas, Building Insulation, Industrial Insulation, Aerospace and Defense, Transportation and Others
  • By Region – North America, Europe, Asia-Pacific and Rest of the World

GLOBAL SILICA AEROGEL MARKET, BY GEOGRAPHY

North America Silica Aerogel Market

  • By Country – The U.S., Canada, and Rest of North America
  • By Form
  • By Application

Europe Silica Aerogel Market

  • By Country – Germany, the U.K., France, Spain, Sweden and Rest of Europe
  • By Form
  • By Application

Asia-Pacific Silica Aerogel Market

  • By Country – China, Japan, India, South Korea, Australia, Malaysia and Rest of Asia-Pacific
  • By Form
  • By Application

Rest of the World Silica Aerogel Market

  • By Country – Brazil, South Africa, and Rest of RoW
  • By Form
  • By Application